| Stock Name | Lung Fung Group |
|---|---|
| Stock Code | 02290 |
| Company Full Name | Lung Fung Group Holdings Limited |
| Industry | Consumer & Retail |
| Principal Activities | We are a leading Hong Kong-based chain retail store of beauty, health and pharmaceutical products under our 'Lung Fung' (龍豐) brand. We focus on offering a wide variety of value-for-money products to our customers through our 31 retail stores in Hong Kong and our various online sales platforms. Our product categories include beauty products, health products, pharmaceutical products, and other consumer goods such as household daily essentials and food products. |
| Listing Date | 2026-06-05 |
| Listing Rules Era | New Rules (after Aug 2025) |
| Listing Rules Chapter | To be extracted |
| Weighted Voting Rights (WVR) | No |
| Registered Address (Mainland China) | To be extracted |
| Business Address (Hong Kong) | 5/F, Lung Fung Group Centre, 23 Yip Cheong Street, Fanling, New Territories, Hong Kong |
| Place of Incorporation | Cayman Islands |
| Listing Method | Global Offering (Public Offer + International Placing) |
| Listing Board | Main Board |
| Website | lungfung.hk |
| Share Registrar | 卓佳证券登记有限公司 (Tricor Investor Services Limited) |
| Registrar Contact | 卓佳证券登记有限公司，香港金钟道89号力宝中心1座31楼3101-3103室 |
| A-Share/US Dual Listing | No |
| Offering Mechanism | Mechanism B |
|---|---|
| Offer Price | HK$ 5.18 / shares |
| Offer Price Range | Final offer price only, no range |
| Lot Size | 500 shares |
| Entry Threshold | HK$ 2,590 |
| Par Value | To be extracted |
| Offer Period | 2026-05-28 to 2026-06-02 |
| Global Offering Shares | 125,000,000 shares |
| HK Public Offer Shares (Initial) | 12,500,000 shares (10.0%) |
| Public Offer Lots (Initial) | 25,000lots (12,500lots, 12,500lots) |
| International Placing Shares (Initial) | 112,500,000 shares (90.0%) |
| Offer Ratio | ~10.0% |
| Total Shares Post-IPO | To be extracted |
| Greenshoe (Over-allotment Option) | No |
| Stabilizing Manager (Greenshoe) | — |
| Cornerstone Share | No cornerstone investors |
| Clawback Tiers | To be extracted |
| Reallocation Option | No |
| Total Global Offering Size | HK$ 647,500,000 |
Minimum subscription unit: 1 lot. Subscription amount ≤ HK$5,000,000 is Pool A, > HK$5,000,000 is Pool B.
| Lots Subscribed | Shares Subscribed | Subscription Amount (HKD) |
|---|---|---|
| 1 lots | 500 | HK$ 2,590 |
| 2 lots | 1,000 | HK$ 5,180 |
| 3 lots | 1,500 | HK$ 7,770 |
| 4 lots | 2,000 | HK$ 10,360 |
| 5 lots | 2,500 | HK$ 12,950 |
| 6 lots | 3,000 | HK$ 15,540 |
| 7 lots | 3,500 | HK$ 18,130 |
| 8 lots | 4,000 | HK$ 20,720 |
| 10 lots | 5,000 | HK$ 25,900 |
| 12 lots | 6,000 | HK$ 31,080 |
| 14 lots | 7,000 | HK$ 36,260 |
| 16 lots | 8,000 | HK$ 41,440 |
| 18 lots | 9,000 | HK$ 46,620 |
| 20 lots | 10,000 | HK$ 51,800 |
| 30 lots | 15,000 | HK$ 77,700 |
| 40 lots | 20,000 | HK$ 103,600 |
| 50 lots | 25,000 | HK$ 129,500 |
| 60 lots | 30,000 | HK$ 155,400 |
| 80 lots | 40,000 | HK$ 207,200 |
| 100 lots | 50,000 | HK$ 259,000 |
| HK Market Cap | HK$ 1.23B |
|---|
| 26Q2 Regular Review | |
| Inclusion Pathway | Small Cap Regular Path |
|---|---|
| Est. Threshold | HK$ 10.47B Market cap gap 88% |
| Analysis Result | Market cap below threshold (gap 88%) |
| Market Cap (at Offer Price) | To be extracted |
|---|---|
| Pre-IPO Valuation (Last Round) | Not disclosed |
| P/E Ratio | Not disclosed |
| Profit/Loss Status | Net loss HKD 0.7 million |
| Period-End Cash Balance | HKD 43.14 million |
| Listing Expenses | To be extracted |
| Listing Expenses / Funds Raised | To be extracted |
| Total Pre-IPO Investment | 无 |
| First Day Close | Loading... |
|---|
| Use of Proceeds | Approx. 36.6% for expanding sales network, 3.5% for brand marketing, 3.5% for supply chain, 11.4% for IT systems, 20.0% for loan repayment, 15.0% for acquisitions, and 10.0% for working capital. |
|---|
| Role | Institution |
|---|---|
| Legal Advisor to Company |
的近律师行 Conyers Dill & Pearman 金诚同达律师事务所 |
| Legal Advisor to Sponsors/Underwriters | King & Wood |
| Auditor and Reporting Accountant | 德勤•关黄陈方会计师行 |
| Industry Advisor | Frost & Sullivan Limited |
| Compliance Advisor | DBS ASIA CAPITAL LIMITED CE AAE430 |
| Receiving Banks |
DBS BANK (HONG KONG) LIMITED Bank of China (Hong Kong) Limited |
| H Share Registrar | Tricor Investor Services Limited |
| Chairman | Tse Siu Hoi |
|---|---|
| Company Secretary | Lam Yin Ling |
| Major Shareholders & Holdings | TTK Holding Limited (75.0%); Mr. Tse Siu Hoi, Mrs. Tse and Ms. Tse Chui Ying (each deemed interested in TTK Holding's shares) |
|---|
市场情绪
The IPO saw massive oversubscription at 664.92x, signaling intense retail demand for 龙丰集团. Remarkably, the hit rate was 100%, meaning every valid application received an allocation—a stark deviation from typical lottery draws in hot IPOs. Such a uniform distribution, combined with strong enthusiasm, suggests cautious pricing or guaranteed allocation structures. (This is AI-generated commentary based on historical data. Past patterns do not guarantee future outcomes. Not financial advice.)
申购档位分析
With a 100% hit rate and no rejected applications, the usual tier-based allocation inefficiencies (e.g., 甲尾 receiving barely more than 乙头) are absent here. All applicants, regardless of subscription size, got at least one lot, flattening the typical advantages of larger bids. However, without detailed tier data, it's unclear if larger applications received disproportionately higher allocations per dollar. (This is AI-generated commentary based on historical data. Past patterns do not guarantee future outcomes. Not financial advice.)
申购人群画像
Mainland China participants dominated at 77.2%, reflecting strong cross-border appetite and likely heavy promotion in the Greater Bay Area. Male investors (59.7%) slightly outnumbered females, with an average age of 41.9, indicating mature, experienced investors. Given typical patterns, Guangdong accounts likely drove the regional participation. (This is AI-generated commentary based on historical data. Past patterns do not guarantee future outcomes. Not financial advice.)
